Bank of Ireland 2020 Debt Investor Presentation
Non-property SME and Corporate & Property
and Construction
Gross loans by stage
Non-property SME and
corporate
Property and construction
•
€20.4bn
€19.9bn
€0.8bn
€1.0bn
€2.2bn
€8.2bn
€8.1bn
€8.6bn
€17.4bn
€0.6bn
€1.1bn
€1.5bn
€10.6bn
€4.9bn
€6.0bn
€2.6bn
Dec 19
Dec 20
Stage 1 Stage 2 Stage 3
ILA movement
Dec 19
Dec 20
■Stage 1 Stage 2 Stage 3
Non-property SME and
corporate
Property and construction
2.4%
4.7%
2.8%
€76m
€368m
€487m
€931m
Dec 19 Stage 1/2 Stage 3
Dec 20
€230m
€87m
€279m
Dec 19 Stage 1/2 Stage 3
●ILA % of gross loans
•
6.9%
€596m
Dec 20
Bank of Ireland 2020 Debt Investor Presentation
Non-property SME and corporate
25% of Group loan book, well diversified by geography
and sector
€6.0bn increase in Stage 2 loans since Dec 2019
reflecting macro-economic conditions and outlook on
higher impacted sectors
Increased impairment coverage across higher impacted
sectors and portfolios:
-
-
Wholesale and retail trade exposure €2.3bn,
impairment coverage 5% (Dec 19:3%)
Accommodation and food services exposure €1.7bn,
impairment coverage 5% (Dec 2019: 2%)
Acquisition finance exposure €4.5bn, impairment
coverage 4.2% (Dec 2019: 1.3%)
Impairment coverage increased from 2.4% to 4.7% at
Dec 2020
Property and construction
•
•
•
11% of Group loan book; €7.6bn investment property;
€1.0bn development lending
c.43% of investment property exposures in Dublin; c.29%
UK exposures
Investment property exposures Retail (34%), Office
(34%), Residential (21%) and Other (11%); 69% of the
book LTV <70%
Legacy investment property exposures driving €279m
increase in Stage 3 ILA
Impairment coverage increased from 2.8% to 6.9% at
Dec 2020
Bank of Ireland
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